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Oct 23, 2012
10/12
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think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect them, not only in battle but when we come home, and that's important issue for all of americans, and the president is an outstanding record at fighting for the men and women that wear the uniform of our country. >> and he communicated that tonight, governor. good to have you on the problem. thank you so much. we appreciate your time. let's get back to boca and john harwood and a special guest. john, over to you. >> i want to make one point before i go to our special guest, that is the tone you were talking about from mitt romney at laying back and haimsaban said he moved towards president obama. that was largery because the key voters, the swing voters at the e
think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect them, not only in battle but when we come home, and that's...
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Oct 31, 2012
10/12
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the eastern seaboard and we're working with the city and the state and the federal government first of all, kudos to the first responders. they did an incredible job and also to all the employees that were working in these buildings 24/7 for the last few days in particular people working in my building, we almost lost two people with the floods coming in so we're very, very lucky. the effort's ongoing. we're working with con-ed and the city and one of the other priorities is to help relocate some of the companies that have not had the ability to go back in their buildings a little bit. we're assessing our buildings. we sustained storm damage in some of them, not structural but electrical, other buildings are perfectly fine and we're just waiting for con ed to turn on the power as soon as the city lifts the no fly zone, so to speak downtown we'll be able to get them back in but it's going to take some buildings a lot. lot of buildings downtown took significant damage. >> that's an important point that you're helping some companies relocate even if it's a temporary spot. scott cohn, w
the eastern seaboard and we're working with the city and the state and the federal government first of all, kudos to the first responders. they did an incredible job and also to all the employees that were working in these buildings 24/7 for the last few days in particular people working in my building, we almost lost two people with the floods coming in so we're very, very lucky. the effort's ongoing. we're working with con-ed and the city and one of the other priorities is to help relocate...
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Oct 29, 2012
10/12
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and if they go ahead with the plan which is potentially to close tomorrow, it would be the first two day closure since 1888. they did not like to close these markets for any great length of time. that's a two day wealther relatd closure. bank branchs are closing in manhattan. the city has essentially ground to a halt because they're concerned now about high winds that will start really picking up as the storm gets closer and closer to the new york city area. as you said, the transit system has been shut down. they're trying to tell people to stay home to the extent that they can. and indeed manhattan, although it's very early in the morning here, is quiet and expected to stay that way. the question now is you power outages that are likely to take place and how long it will take for this area to get back to business. but right now, again, equity trading in the u.s. is closed. equity futures also willic trad. and energy trading as well. energy trading will trade electronically, the nymex with the floor will close. so we're seeing even before the storm hits a significant financial impac
and if they go ahead with the plan which is potentially to close tomorrow, it would be the first two day closure since 1888. they did not like to close these markets for any great length of time. that's a two day wealther relatd closure. bank branchs are closing in manhattan. the city has essentially ground to a halt because they're concerned now about high winds that will start really picking up as the storm gets closer and closer to the new york city area. as you said, the transit system has...
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Oct 5, 2012
10/12
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think you still look at the high beta stocks, citi, bank of america. that's where there's massive option activity, including today in bank of america, it was 3-1 calls to puts in the first half our hour. over 100,000 calls against 30,000 puts. that continues to be the trend. >> thanks for bringing us the tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 mark
think you still look at the high beta stocks, citi, bank of america. that's where there's massive option activity, including today in bank of america, it was 3-1 calls to puts in the first half our hour. over 100,000 calls against 30,000 puts. that continues to be the trend. >> thanks for bringing us the tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator...
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Oct 30, 2012
10/12
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a lots of damage may not be visible as you first get into the city it absolutely is underground and as a result, governor cuomo is calling in reinforcements. >> the army corps of engineers is sending us their best naal t they call it the national unwatering team. i didn't know there was such a name for a team, but the national unwatering s.w.a.t. teams on its way to new york and we need them very badly. >> reporter: they need unwatering. they were here, the army corps folks beginning to inspect things from the battery but the army team that worked in new orleans during katrina, the flood in 1993 in chicago, experts on these types of things but they have to be requested, first of all, by fema, that has not happened yet. we have been told that is in the process and that is just getting the bureaucratic hurtles cleared. they have a lot of water to try to clear out from this city. it is not going to be back to normal any time soon. guys? >> scott cohn, thank you very much. >>> the storm's devastation all up and down the atlantic seaboard but perhaps no area took it harder than the jersey s
a lots of damage may not be visible as you first get into the city it absolutely is underground and as a result, governor cuomo is calling in reinforcements. >> the army corps of engineers is sending us their best naal t they call it the national unwatering team. i didn't know there was such a name for a team, but the national unwatering s.w.a.t. teams on its way to new york and we need them very badly. >> reporter: they need unwatering. they were here, the army corps folks...
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Oct 18, 2012
10/12
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compare that to new york city's homicide rate. what's chicago's problem? and what's its supposed solution? they're talking about taxing guns? here's a republican strategist lenny mcallister. first of all the tax on bullets and handguns will do nothing to stop the murders among the gang bangers? am i just dreaming this up? >> this is one of the most ridiculous things i have ever heard of. it's another example of an ivory tower highbrow solution. this is a lot of time what you see from people that are often removed, oftentimes the very far left, progressive. the high tower legislator that -- it's not surprising, too. >> first of all, to the ammo and the guns are being bought illegally on the streets anyway. >> exactly. >> law abiding shopkeepers selling this stuff had nothing to do with it. let get that straight. >> i want to ask you, because you used to live in chicago. it's people who use gun that are killing each other. is this about drugs? are these about racial gangs? why is this happening because it's not happening in many other cities including my own
compare that to new york city's homicide rate. what's chicago's problem? and what's its supposed solution? they're talking about taxing guns? here's a republican strategist lenny mcallister. first of all the tax on bullets and handguns will do nothing to stop the murders among the gang bangers? am i just dreaming this up? >> this is one of the most ridiculous things i have ever heard of. it's another example of an ivory tower highbrow solution. this is a lot of time what you see from...
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Oct 10, 2012
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they closed an elementary school, and they're slashing the city budget. have you already lost policemen? >> yes. >> firemen? >> yes. >> what about the hospital in town? >> it's being reduced in size as well. >> coming up, the people versus politicians. >> how many of you would say that you're angry about politics right now? [people murmuring] oh, that got a big yes. >> i'm sick and tired of people going to congress and washington, d.c., and making a living out of it, while we starve to death. >> that's ahead when 60 minutes on cnbc returns. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >> newton, iowa's congressional district is bipartisan country. it voted for george bush in 2004 and then for president obama. but on the eve of the 2010 midterm elections, newton was angry with washington, and the t
they closed an elementary school, and they're slashing the city budget. have you already lost policemen? >> yes. >> firemen? >> yes. >> what about the hospital in town? >> it's being reduced in size as well. >> coming up, the people versus politicians. >> how many of you would say that you're angry about politics right now? [people murmuring] oh, that got a big yes. >> i'm sick and tired of people going to congress and washington, d.c., and making...
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Oct 10, 2012
10/12
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they closed an elementary school, and they're slashing the city budget. have you already lost policemen? >> yes. >> firemen? >> yes. >> what about the hospital in town? >> it's being reduced in size as well. >> coming up, the people versus politicians. >> how many of you would say that you're angry about politics right now? [people murmuring] oh, that got a big yes. >> i'm sick and tired of people going to congress and washington, d.c., and making a living out of it, while we starve to death. >> that's ahead when 60 minutes on cnbc returns. those surprising little things she does still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is heal
they closed an elementary school, and they're slashing the city budget. have you already lost policemen? >> yes. >> firemen? >> yes. >> what about the hospital in town? >> it's being reduced in size as well. >> coming up, the people versus politicians. >> how many of you would say that you're angry about politics right now? [people murmuring] oh, that got a big yes. >> i'm sick and tired of people going to congress and washington, d.c., and making...
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Oct 31, 2012
10/12
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taking a look at other parts of atlantic city as you can probably see from my shot, it's the first day without major wind and rain meaning that now crews are able to get out and start picking up the wreckage. we've seen bulldozers around town. some streets closed and many residents we spoke to got power back this morning at around 7:00 a.m. thus allowing them to get pumps to move them to their houses and to begin pumping out some of the water that had flooded mostly basement levels here in atlantic city. that being said, even amid all of the residents here in atlantic city getting power back, still more than 2 million residents of new jersey don't have power. many running on generators which of course will not last forever. the big question is how long most of new jersey will be without power. the story continues. we're waiting for president obama and governor christie's arrival. that will be an interesting bipartisan moment here in atlantic city. >> that fire hydrant picture is stunning. scott cohn, you're in a part of manhattan that's described as two different cities right now. that
taking a look at other parts of atlantic city as you can probably see from my shot, it's the first day without major wind and rain meaning that now crews are able to get out and start picking up the wreckage. we've seen bulldozers around town. some streets closed and many residents we spoke to got power back this morning at around 7:00 a.m. thus allowing them to get pumps to move them to their houses and to begin pumping out some of the water that had flooded mostly basement levels here in...
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Oct 26, 2012
10/12
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still to come, a vegas first. a shower infused with vitamin c arriving in sin city today. >> how does that help you? >> would you pay 20% to 30% more to stay in a hotel designed for the health conscious traveler? we'll take you live inside the debut of the wellness rooms at the mgm grand next.wo . and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace
still to come, a vegas first. a shower infused with vitamin c arriving in sin city today. >> how does that help you? >> would you pay 20% to 30% more to stay in a hotel designed for the health conscious traveler? we'll take you live inside the debut of the wellness rooms at the mgm grand next.wo . and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a...
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Oct 3, 2012
10/12
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and while northern california may be heading into these emergencies first, plenty of cities in so cal are in the congo line. she is buying things that you can understand and which pitch and obligations are not the main 800 pound gorilla. and not all news is bad. s&p just raised l.a. county's credit credit to go aa from aa minus. that is if you believe such things. back to you. >> i like that congo line imagery. that's a good one. >>> when we come back, is your cell phone bill eating up your budget? a new company promises to save you hundreds of dollars a year by making data free. that's right. we'll get all the details on freedom pop from the company ceo next. for 30 some years at manyendent different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. insulifreestyle lite can. help you test easy. they need a third the blood of onetouch ultra. zipwik tabs target the bl
and while northern california may be heading into these emergencies first, plenty of cities in so cal are in the congo line. she is buying things that you can understand and which pitch and obligations are not the main 800 pound gorilla. and not all news is bad. s&p just raised l.a. county's credit credit to go aa from aa minus. that is if you believe such things. back to you. >> i like that congo line imagery. that's a good one. >>> when we come back, is your cell phone bill...
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Oct 19, 2012
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first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon. >> any time. >>> markets continue to decline. dow is down 133. the big weakness on the dow continues to be names that reportedly are mcdonald's, microsoft and ge and now aig joining the ranks of companies that are down almost 4% in their case. when we come back it's been 25 years since the stock market crash known as black monday. we'll talk to the man who helped make sure all those trades at the cme actually got leader that day, the former chairman of the cme, jack sander. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than
first of all i didn't deal much with pandit, i met him a couple of times. citi group was very fortunate in dealing with treasury and our office most of it was done by one of the vice presidents at citi and lou caden had a keen political ear and instinct how to deal with treasury. we had no difficulty with citigroup at all. >> an interesting time in banking in this country. appreciate your fwidance. see you soon. >> any time. >>> markets continue to decline. dow is down 133....
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Oct 31, 2012
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something's going down today and i'm going to be on the first thing smoking out of new york city. >> reporter: now, port authority says the airport is still officially closed and we spoke to delta this morning, they say they are not flying any airplanes in or out of the airport today. they're working on whether or not they can service laguardia tomorrow. they're going to figure it out and as soon as they know, we'll bring it to you. but once the airport does open, remember, there are 7,000 employees that work here at laguardia, getting them to and from the airport without public transportation in new york city is also going to be a challenge. back to you. >> courtney, i think that passenger may have been a little overly optimistic. you know, another thing we've been talking about is the marathon. it's still set to go. are you still running? >> reporter: it is. it's still set to go, i was on a media call the other day, they said as far as they can tell, it's set to be run on sunday. the route also appears to be intact. there are some events associated with a marathon beforehand that a
something's going down today and i'm going to be on the first thing smoking out of new york city. >> reporter: now, port authority says the airport is still officially closed and we spoke to delta this morning, they say they are not flying any airplanes in or out of the airport today. they're working on whether or not they can service laguardia tomorrow. they're going to figure it out and as soon as they know, we'll bring it to you. but once the airport does open, remember, there are...
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Oct 23, 2012
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western digital reporting a first quarter bead. weak pricing and delays because of windows 8. you can see today it gets a sell rating over at capital iq on the back of those earnings. and seagate technologies reports next week, and it's suffering clit ral damage there. >> thanks a lot, bertha. today's selloff started overseas, and now there's only a few moments left in europe's trading day. going to be interesting to see how it affects us here in the u.s. >>> simon hobbs, art cashin made the point earlier on, if you need to sell, sometimes you go where the market is still open. >> interesting. maybe that's what happened. europe through the selloff until this point has been open, and what we've seen here in the united states has ensured there has been greater selling on the other side of the atlantic. just have a look at the chart. the beginning of the session was all about the struggle that those involved in the real economy, those involved in the backbone arguably of the economy, engineering, metals, energy -- the struggle that they are having with their earnings as arguably
western digital reporting a first quarter bead. weak pricing and delays because of windows 8. you can see today it gets a sell rating over at capital iq on the back of those earnings. and seagate technologies reports next week, and it's suffering clit ral damage there. >> thanks a lot, bertha. today's selloff started overseas, and now there's only a few moments left in europe's trading day. going to be interesting to see how it affects us here in the u.s. >>> simon hobbs, art...
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Oct 29, 2012
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i had the first floor and -- >> you don't have it. >> i live in jersey city. i'm on the water. my apartment may or may not be evacuated. 36th floor, but the building itself is right on the water. >> if you have problems there -- >> we have to go, but do you think tomorrow no go? >> they will make a decision at 4:00 p.m. today. if i had to guess, i would say they will not be open. >> will there be the after hours trade? >> my guess is there will be nothing today. it will only get worse by 4:00 today. >> good to see you in person. >> as hurricane sandy storms toward the east coast, more than 7200 flights have been canceled. delta air lines is just one of the many airlines preparing for this storm and already feeling the impact. and phil lebeau joins us live from the delta operations center in atlanta. that was a smart move, phil, go to operations center, but you're kind of out of -- it's already passed you down there. >> always at that time inside reporting job when it comes to a hurricane. >> smart. very smart. is there a lot of activity or just a lot of canceling? >> you know,
i had the first floor and -- >> you don't have it. >> i live in jersey city. i'm on the water. my apartment may or may not be evacuated. 36th floor, but the building itself is right on the water. >> if you have problems there -- >> we have to go, but do you think tomorrow no go? >> they will make a decision at 4:00 p.m. today. if i had to guess, i would say they will not be open. >> will there be the after hours trade? >> my guess is there will be...
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Oct 15, 2012
10/12
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later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy
later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while...
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Oct 16, 2012
10/12
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talking about the good citi quarter. a lot of the stock was up 5%, a lot of anticipation about what may be ahead. you wake up 24 hours later, ceo out, no discussion of this at all. i mean it just continues to add to this sort of casino mentality of what happens in the overall equity market. so a macro standpoint important to recognize, this will be another concern for retail investors of why the stock market is nothing more than a casino. now, let's go through what i have heard today. number one, there's a couple things to point out. remember that michael neil was brought in specifically to deal with the regulators. the regulators maria pointed out and many guests pointed out have a very important role in not just capital allocation but the overall strategy of the bank. it's also important, you had sheila bair on earlier today. i'm talking to a number of meme inside of citi that the excerpts of that book and some of the stuff she had said in her book specifically personal tax of vikram pandit, that book came out i believ
talking about the good citi quarter. a lot of the stock was up 5%, a lot of anticipation about what may be ahead. you wake up 24 hours later, ceo out, no discussion of this at all. i mean it just continues to add to this sort of casino mentality of what happens in the overall equity market. so a macro standpoint important to recognize, this will be another concern for retail investors of why the stock market is nothing more than a casino. now, let's go through what i have heard today. number...
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Oct 17, 2012
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i didn't know if it would be the first or i would open up the debate. i just felt a lot of pressure. >> so i have to ask you, they both gave you pretty -- i mean, pretty interesting answers, at least. governor romney made it interesting to see he was going to come back, make sure you had a job in a couple of years. which answer did you prefer? >> well, governor romney, he really harped on the fact that he has business experience and that he has been balancing the budget while he was governor of massachusetts and president obama's was the one who was saying that my future is bright, he's going to build on the 5 million jobs he created. they spoke spoke passionately, they articulated themselves very well. i think governor romney's business experience did sway me a bit in that area. but the way the president spoke to me and kind of said we believe in the youth of america, which i was trying to represent with my question, i think that really, you know, hit a soft spot and i understood what he was talking about. >> that's what a lot of people talked about, t
i didn't know if it would be the first or i would open up the debate. i just felt a lot of pressure. >> so i have to ask you, they both gave you pretty -- i mean, pretty interesting answers, at least. governor romney made it interesting to see he was going to come back, make sure you had a job in a couple of years. which answer did you prefer? >> well, governor romney, he really harped on the fact that he has business experience and that he has been balancing the budget while he was...
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Oct 2, 2012
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this is the first case brought by the working group but not likely the last are others on wall street quaking in their boots? diana olick asked the ceo of citi mortgage about the suit a short time ago. >> we don't know whether this will hit citi bang k at all. we think not because of what we've done to mitigate the issues substantially. >> jpmorgan wound up owns bear stearns at the behest of the feds in 2008 says it plans to contest the case and is disappointed in the attorney general. judge is eric going after conduct in a firm essentially dead? we will ask him first on cnbc on power lunch at 1:00 p.m. eastern time. carl, back to you. >> that is a key question, scott. reading that complaint, if people haven't already, bringing bam colorful language from days we'd rather forget. we look forward to a lot more today. scott, thanks so much. our capital markets, and we have gary cominski to post-9 once again. >> good thing we have an op ed logo today. you pick up the papers today, "wall street journal," "new york times," you have the headlines about this. the headlines should read the fol
this is the first case brought by the working group but not likely the last are others on wall street quaking in their boots? diana olick asked the ceo of citi mortgage about the suit a short time ago. >> we don't know whether this will hit citi bang k at all. we think not because of what we've done to mitigate the issues substantially. >> jpmorgan wound up owns bear stearns at the behest of the feds in 2008 says it plans to contest the case and is disappointed in the attorney...
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Oct 18, 2012
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citi's new ceo mike corbat appears promising despite his harvard education. >> that was the op-ed? >> yeah. the first -- >> in their actual editorial. >> between the idea that president obama is the fossil fuel president, the one who has greased the wheels for the fossil fuel industry, wink wink. >> and the phil gramm piece and the letter to the editor from schumer. >> it has everything. yeah, i liked the phil gramm piece, that in previous election, we've never had people that have gotten to depend on the government so much. food stamp number up 65% in this presidency. no other president -- 25% increases. >> do you think this was the worst town tudownturn we've see? >> we've had they will before, but -- >> they weren't around for the great depression. >> but where was i. okay. so one of the first major hedge funds that try to profit from a rebound in the housing market by investing in foreclosed homes is now looking to cash out. reuters is reporting that och-ziff said it wants to exit from that business. we had someone from -- of. >> i don't know if we've had him before. if not and
citi's new ceo mike corbat appears promising despite his harvard education. >> that was the op-ed? >> yeah. the first -- >> in their actual editorial. >> between the idea that president obama is the fossil fuel president, the one who has greased the wheels for the fossil fuel industry, wink wink. >> and the phil gramm piece and the letter to the editor from schumer. >> it has everything. yeah, i liked the phil gramm piece, that in previous election, we've...
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Oct 29, 2012
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however, we have also opened 76 emergency shelters in city public schools for those who did not have that option. they are still -- >> that is yor mayor mike bloomberg. the headline essentially that he is closing new york city schools for the second day saying there is, quote, no chance that mass transit will be ready to get people to and from work or school around the city. saying the fdr highway is fundamentally closed in his words. looks like the storm surge according to the mayor will hit at least in the new york city area around -- starting around 8:00 or 8:15 p.m. tonight. he's looking for storm surge between 6:00 and 11:00 p.m. jim, obviously we're not a local channel. our news goes around all of the country and around the world. but this is turning into a storm that new york city for most intents and purposes is going to own. we are in the worst spot. >> this reminds me of the 1992 hurricane andrew. i'm not going to minimize what could happen. health, loss of life. but that was worse in some ways than katrina was the gdp event. because katrina kind of localized. it was a gros
however, we have also opened 76 emergency shelters in city public schools for those who did not have that option. they are still -- >> that is yor mayor mike bloomberg. the headline essentially that he is closing new york city schools for the second day saying there is, quote, no chance that mass transit will be ready to get people to and from work or school around the city. saying the fdr highway is fundamentally closed in his words. looks like the storm surge according to the mayor will...
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Oct 30, 2012
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. >>> get an update on the situation in new york city, and this is a first time we've spoke on it scott, isn't it? i wasn't worried about you, i knew you'd be okay but good to see you, scott cohn joining us with the latest. >> reporter: yes, it was touch and go there for a little while, joe. 12 hours ago from this location, battery park in manhattan, we were, i'm not xnlg raexaggerati running for our lives from the storm surge. if the top steps it would be nine feet. it got to around 13 feet and the water came up very, very fast and when the storm surge came up that meant the flooding would begin, subways flooded, there's a lot of other underground flooding, the brooklyn battery tunnel not far from here was end to end with water. as the city tries to battle back now, that's what they'll be dealing with getting the water out of here, the tide has gone down, another high tide a little over an hour from now not as harrowing as yesterday. look at some of the images from last night, national guard troops going down broadway, trying to get underground fires under control, get a lot of the flo
. >>> get an update on the situation in new york city, and this is a first time we've spoke on it scott, isn't it? i wasn't worried about you, i knew you'd be okay but good to see you, scott cohn joining us with the latest. >> reporter: yes, it was touch and go there for a little while, joe. 12 hours ago from this location, battery park in manhattan, we were, i'm not xnlg raexaggerati running for our lives from the storm surge. if the top steps it would be nine feet. it got to...
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Oct 15, 2012
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we also have citi holdings which declined to $171 billion, the first time that the so-called bad bank has comprised less than 10% of citi's balance sheet. the cfo said it's not small enough yet to dissolve back in the bank in the near term. we had a depar tour for citigroup from what jpmorgan's jamie diamond and wells fargo said was a turning point. for citigroup housing shows a different story. mortgage originations though they're up 12% from last quarter, they went down 15% from a year ago. during that same time mortgage related revenues went up some 35% in the u.s. retail banking unit. big questions there on the media call as to why that was happening, but for citi, which ranks fifth for u.s. mortgage origination, the activity remains strong but the upswing in revenues is largely because of heavy refinancing activity. spreads are widening because they're maintaining higher mortgage rates. citi is not looking to gain more share in mortgage refinancing and he actually expects some compression on mortgages in the u.s., but that's a different approach from jpmorgan and wells who were m
we also have citi holdings which declined to $171 billion, the first time that the so-called bad bank has comprised less than 10% of citi's balance sheet. the cfo said it's not small enough yet to dissolve back in the bank in the near term. we had a depar tour for citigroup from what jpmorgan's jamie diamond and wells fargo said was a turning point. for citigroup housing shows a different story. mortgage originations though they're up 12% from last quarter, they went down 15% from a year ago....
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Oct 9, 2012
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thousands of police around the city. simon hobbs, that did not stop the protesters at all. >> absolutely. i will show you three symbolic acts as the most dominant figure in the european crisis went to the economy that the critics argue she is destroying through austerity. this is probably what will be on the front paging tomorrow morning. on the square next to parliament four people dressed in military uniforms riding and waving black and white and red swastika flags and stuck their hands out in a nazi salute. a lot of banners reading merkel out, this is not a european union, this is slavery. this is an image with huge potency around europe. the second is angela merkel at the news conference stood next to the greek prime minister. symbolic for two reasons. on the one hand she is saying i am a good european and i won't force you out of the eurozone. we have given you lots of money and on the second, particularly important, at home she is saying there will be no more money for you. this isn't a transfer union. there you se
thousands of police around the city. simon hobbs, that did not stop the protesters at all. >> absolutely. i will show you three symbolic acts as the most dominant figure in the european crisis went to the economy that the critics argue she is destroying through austerity. this is probably what will be on the front paging tomorrow morning. on the square next to parliament four people dressed in military uniforms riding and waving black and white and red swastika flags and stuck their hands...
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Oct 30, 2012
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our first responders have been doing a heroic job protecting our city and saving livings, and they are still fighting fires and conducting life-saving search and rescue missions, and we owe them an enormous debt of gratitude. the storm brought something like 23 serious fires to parts of staten island, brooklyn, queens, as well as city island and the bronx. a terrible fire on breezy point is now under control, but we believe we lost more than 80 houses. the search and recovery operations there are ongoing, and if any of you saw the pictures on television it looked like a forest fire out in the midwest. the winds were just devastating, blowing from one building to the next one, and those buildings were close together. we are hoping and praying that there was no loss of life in those fires, but even we can -- even if we can save every life we know that many people have lost their homes, and i want to know -- them to know that we have -- they have our full support in the days and weeks ahead. the 76 shelters we opened will remain open today, and we will continue to keep shelters open until
our first responders have been doing a heroic job protecting our city and saving livings, and they are still fighting fires and conducting life-saving search and rescue missions, and we owe them an enormous debt of gratitude. the storm brought something like 23 serious fires to parts of staten island, brooklyn, queens, as well as city island and the bronx. a terrible fire on breezy point is now under control, but we believe we lost more than 80 houses. the search and recovery operations there...